back Back

NPCI announces the launch of BHIM App licensing model

By Leandra Monteiro

November 10, 2022

  • BHIM App
  • Digital Payments
  • Digital Payments for All
Share

NPCI, Bhim, UPIIn a step ahead towards attaining the goal of ‘Digital Payments for All’, National Payments Corporation of India (NPCI) has announced the launch of BHIM App open source license model under which the source code of BHIM App will be licensed to regulated entities participating in UPI ecosystem, who do not have UPI app of their own, to empower them to launch their own UPI app.

Presently, many banks do not have their own mobile banking app and are missing out on extending the benefits of the country’s largest retail payment system – UPI, to their customer base. NPCI intends to bridge this gap by extending all the readily available features of UPI to these entities through this BHIM App licensing model which will be an economical and quick-to-market solution for these entities. Further, under this model new features that get launched on BHIM App in the future, will also be extended to these entities for them to continue accessing BHIM app’s latest features.

National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. An initiative of RBI and IBA under the provisions of the Payment and Settlement Systems Act, 2007, NPCI was initiated for creating a robust payment and settlement infrastructure in the country.

Previous Article

November 09, 2022

Emerchantpay integrates with Umbraco for real-time payments

Read More
Next Article

November 10, 2022

JP Morgan and Mastercard launch ‘Pay-by-Bank’ service

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

BHIM App

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024